After the 2016 election, Fox News has attempted to take control of the concept of the Deep State, portrayed as a conspiracy of the adversaries of Trump. In reality, the Deep State - understood as deeply entrenched networks cutting across federal agencies and congressional staff and serving predominantly Wall Street interests - does indeed exist and has long existed. This Deep State played the decisive role in enabling Trump's seizure of power. Recalling JFK, Watergate, Iran-Contra, and 9/11 puts the Deep State into historical perspective. Factual analysis must start with the role of FBI Director Comey in thowing the election to Trump in the last 11 days. The New York FBI field office allegedly fueled repeated Fox News reports of an imminent indictment of Ms. Clinton. The paralysis of the Obama regime in the face of the Russian attack fits the same pattern. We are left with a ruling class of predatory and parasitical billionaires who are deeply factionalized, many of them functioning as Fifth Columns of hostile foreign powers like Russia and China. We urgently need measures to break the power of the Wall Street financier oligarchy, the main reason these problems exist.